Rocket maker Firefly Aerospace looks to raise up to $300 million -sources


FILE PHOTO: Firefly Aerospace's first Alpha rocket lifts from Vandenberg Space Force Base, California, U.S. September 2, 2021. REUTERS/Gene Blevins

(Reuters) - FireFly Aerospace, the U.S. rocket builder that reached orbit in space this month, joining the likes of SpaceX and Rocket Lab, is seeking up to $300 million in a private fundraising round, according to people familiar with the matter.

Firefly has yet to specify the valuation it is seeking, the sources said. The space company was valued at more than $1 billion when private equity firm AE Industrial Partners became its controlling shareholder in March.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

TikTok owner ByteDance wins outstanding research award at annual ‘Olympics of AI’
Google introduces AI agent that aces 15-day weather forecasts
Trump pick for top US antitrust role signals more big tech scrutiny
Bitcoin tops $100,000 as bets on Trump fuel crypto euphoria
How an Irish YouTuber turned a niche following into millions for charities with holiday livestreams
Amazon sued over slow deliveries to US low-income areas
Jeff Bezos says he is ‘optimistic’ about a new Trump term and can help with cutting regulations
Time to stop scrolling? ‘Brain rot’ is Oxford’s Word of the Year 2024
This AI creates street-view images from sound recordings
Vietnam suspends Temu operations over registration issues

Others Also Read